I will be writing a blog post on capitalism and would like opinion on how to determine capitalism & economic freedom on a scale of 0% to 100%. Ideas?
100% - you can do anything you want with your money and labor, without third-party involvement, which would be economic freedom in capitalism. Your profit is related to your effort, and excess earnings are passed through generations. Your profit from previous generations success is hopefully used to build greater wealth.
0% - you can't do anything with money, and work as you're told by the state, in return are given basic needs. Everybody gets the same, from the lame to the most devoted scholars to the most necessary physicians. Effort grinds to an immediate halt, since you will be given living necessities for minimal effort, it will become a game to expend zero effort. Society collapses.